This unit standard is intended for learners who assess and/or advise clients on the adequacy of Short Term insurance cover. It will be useful for Intermediaries, Assessors, Surveyors, Insurance Officials, Claims Administrators, Technical Claims Negotiators and Short Term Underwriters and Reinsurers. The qualifying learner is capable of:
• Analysing the adequacy of cover in the event of a large claim. • Analysing the financial consequences of an event for a specific client. • Applying knowledge of an event to assist a client to resume operations. • Applying knowledge of business management to determine additional uninsurable costs in the event of a large claim.
This unit standard is intended for learners who assess and/or advise on the adequacy of Short Term reinsurance cover. It will be useful for Internal Risk Managers, Reinsurance Brokers, Reinsurers and any learner who requires knowledge of reinsurance. The qualifying learner is capable of:
• Analysing the negotiated merits and determining quantum of a large claim. • Analysing the implications and consequences of a large claim for the financial performance of an insurer. • Proposing steps to minimise future loss. • Explaining the impact of a claim on the statutory requirements of the Short Term Insurance Act.
This unit standard is intended for learners in a business environment who are in a position to impact on an organisation's code of ethics and its implementation. It is designed to raise moral standards as a counter to potential or real corruption within a business environment. The focus is on ethics and corporate governance. The qualifying learner is capable of:
• Demonstrating knowledge and insight into legislation, regulations and codes relating to corporate governance and ethics in a selected business sector. • Applying the principles that underpin ethics and professionalism to a code of conduct. • Critically evaluating the implementation of an organisation's ethical code or value system. • Developing a plan to initiate or improve commitment and compliance in the implementation of a code in an organisation.
Understand how a significant claim impacts a client financially. This unit equips learners to analyse financial risks, assess adequacy of cover, and provide meaningful support in resuming operations after a major event.
This unit explores the broader financial implications of large claims for insurers and reinsurers. Learn how to assess claim impact on performance, analyse negotiations, and interpret financial consequences.
Gain insight into ethical behaviour and decision-making within a business context. This unit focuses on integrity, fairness, and responsibility in business practices, enabling you to build trust and uphold professional standards.
In the context of large claims, strong English literacy enables professionals to interpret policy documents, communicate clearly with clients and insurers, and draft precise and effective claims reports. It is essential for evaluating documentation, presenting evidence, and supporting clients through the complex claims resolution process.